Global Anthocyanin Market is valued at USD 392.12 million in 2023 and is anticipated to grow with a healthy growth rate of more than 6.05% over the forecast period 2024-2032. Anthocyanins are water-soluble pigments found in various fruits, vegetables, cereals, and flowers, and are extensively utilized in the food and beverage industry to enhance product visual appeal. Consumer awareness regarding the health benefits of anthocyanin intake, such as improved eye health, anti-inflammatory effects, and cardiovascular benefits, significantly propels market growth. Furthermore, the preference for natural over synthetic products is surging, driven by holistic and preventive healthcare trends, further fueling the demand for anthocyanin-based products.
However, the high cost associated with extracting anthocyanins from certain natural sources poses a substantial challenge for manufacturers. Despite this, advancements in extraction technologies aimed at reducing costs and improving quality are creating lucrative growth opportunities. The food and beverage industry continues to be a dominant end-user segment, leveraging anthocyanins for their coloring and health benefits. Additionally, the expanding application scope in cosmetics and personal care products, driven by consumer preference for natural and organic ingredients, enhances market prospects.
The anthocyanin market is further segmented based on product types, sources, and end-users. Prominent product types include cyanidin, known for its antioxidant properties, delphinidin, valued for its anti-inflammatory benefits, and malvidin, which is widely used in red wines for its cardiovascular advantages. Fruits and vegetables remain the most significant sources of anthocyanins, with berries, cherries, and red cabbage being highly sought after. The end-user landscape encompasses the cosmetics and personal care industry, the food and beverage sector, and the pharmaceutical industry, among others.
The key regions considered for the global Anthocyanin Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America leads the global market, driven by high consumer awareness and demand for natural health products, along with the stringent regulations favoring natural additives. Whereas, the Asia-Pacific region, particularly countries like China, Japan, and India, showcases robust growth prospects due to a strong tradition of using anthocyanin-rich ingredients in traditional medicine and a burgeoning consumer base seeking wellness products.
Major market players included in this report are:
Archer-Daniels-Midland Company
BASF SE
Chr. Hansen Holding A/S
Clariant AG
DuPont de Nemours, Inc.
D?hler GmbH
Evonik Industries AG
FMC Corporation
Food Ingredient Solutions LLC by Oterra A/S
Givaudan
Hangzhou Skyherb Technologies Co., Ltd.
International Flavors & Fragrances Inc.
IPRONA SpA
Kalsec Inc.
Kemin Industries, Inc.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Cyanidin
Delphinidin
Malvidin
Pelargonidin
Peonidin
Petunidin
By Source:
Cereals
Flowers
Fruits & Vegetables
Legumes
By End User:
Cosmetics & Personal Care
Food & Beverage
Nutraceutical
Pharmaceutical
Textile
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.